American Creek JV estimates potential of Treaty project

Sep 14, 2018

2018-09-13 13:06 ET – News Release

Mr. Kelvin Burton reports

AMERICAN CREEK REPORTS ON JV PARTNER TUDOR GOLD’S NEWS OF POTENTIAL QUANTITY AND GRADE OF GOLD MINERALIZATION (1.8 – 1.9 MILLION OUNCES @ 1.12 – 1.35 G/T) AT THE TREATY CREEK PROJECT IN BC’S GOLDEN TRIANGLE

American Creek Resources Ltd. has released results from Tudor Gold’s exploration at the Treaty Creek project located adjacent to Seabridge Gold’s KSM in British Columbia’s Golden Triangle. Tudor has determined the potential quantity and grade ranges for gold mineralization encountered up to the completion of its 2017 drill program on the Copper Belle zone. Drilling is continuing in 2018 with the aim of increasing the known area of gold mineralization at Copper Belle by the end of this field season.

Tudor Gold believes that exploration of the Copper Belle zone up to the end of 2017 has indicated the potential for 1.8 to 1.9 million ounces of gold contained within 50 million to 45 million tonnes grading 1.12 grams per tonne gold to 1.35 g/t Au. This is based on previous exploration results, including 57 current and historic drill holes totalling 22,974 metres. Thirty of the holes (15,424 m) were drilled by Tudor Gold in 2016 and 2017, with 27 holes (7550 m) completed by others in 2007 and 2009. Drill holes are generally spaced 50 to 100 metres apart. The exploration target potential was derived by modelling zones of gold-bearing porphyry style veining and alteration, including quartz-sericite-pyrite and potassic alteration, within a surrounding propylitic halo, on vertical cross sections and long sections through the Copper Belle zone. The ranges are based on drill results that define the approximate length, thickness, depth and grade of the Copper Belle zone.

The volumes of the areas modelled on sections have determined the potential tonnage range, whereas the grade range is based on drill results within the modelled exploration target area up to the end of 2017, and on nearest neighbour and inverse distance estimates, within an interpreted 0.3 g/t Au grade shell. The potential tonnages and grades are conceptual in nature, there has been insufficient exploration to define a current mineral resource and it is uncertain if further exploration will result in the delineation of a current mineral resource.

Walter Storm, president and chief executive officer, stated: “We are extremely pleased with the indications for the Copper Belle zone to potentially host between 1.8 and 1.9 million ounces of gold, and are looking forward to continued positive results from the 2018 drilling program that we are confident will significantly increase the known extent of the mineralized area at Copper Belle. The 2018 drilling program entails part of the company’s plan to work toward preparation of a mineral resource.”

The Copper Belle zone has been traced by drilling for over one kilometre in length and has been outlined over widths ranging from 250 to 550 metres, with the vertical extent of mineralization from 300 to 500 metres. The Copper Belle zone is separated into North and South zones by a postmineral fault, with indications of thicker mineralized intervals in the North zone. Drilling in 2018 is focusing on expanding the area of known mineralization in the North zone. Results from the first two holes of the 2018 program were reported in a news release dated Aug. 24, 2018. The sixth hole of the season has recently completed and results from more of the new holes are expected within the coming weeks.

Tudor Gold and previous operators of the Treaty Creek property have maintained a quality control and quality assurance program where analytical accuracy and precision are monitored by the submission of blanks, certified standards and duplicate samples inserted at regular intervals into the sample stream.

Qualified person

The qualified person for the Treaty Creek results in this new release is James A. McCrea, PGeo, for the purposes of National Instrument 43-101. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

About American Creek Resources Ltd.

American Creek holds a strong portfolio of gold and silver properties in British Columbia. The portfolio includes three Golden Triangle gold/silver properties: the Treaty Creek and Electrum joint ventures with Walter Storm/Tudor; as well as the recently acquired, 100-per-cent-owned, past-producing Dunwell mine. Other properties held throughout B.C. include the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side and Glitter King.

We seek Safe Harbor.

https://www.americancreek.com/index.php/news/news-2018